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The discharges include $2.6 billion for 34,400 borrowers using the public service loan forgiveness program and waiver and $2.2 billion for 46,000 borrowers under the one-time payment adjustment ...
The Biden-Harris administration announced early this morning that it will automatically discharge $1.2 billion in federal student loans for eligible borrowers. This move is anticipated to impact ...
The Biden administration discharged another $4.9 billion in student loan debt for more than 73,600 borrowers, the Education Department announced. That brings the total amount discharged since ...
March 21, 2024 at 2:55 PM. President Biden announced another sweeping federal student loan forgiveness policy, wiping out $5.8 billion in debt for 77,700 borrowers. However, only certain borrowers ...
The Biden administration is canceling student loans for another 160,000 borrowers through a combination of existing programs. The Education Department announced the latest round of cancellation on ...
The Education Department has forgiven another $4.8 billion in student loans for roughly 80,000 borrowers. Biden forgives $5 billion more in student loans for over 80,000 borrowers. Who qualified?
For example, a student who took out $13,000 in loans will now have their debt wiped out if they’ve been paying it back for 11 years, or in 12 years for those who borrowed $14,000 — and so on.
President Joe Biden announced the much-anticipated administration's plan for loan forgiveness on Aug. 24 and one of the provisions is that it will forgive loan balances after 10 years of payments